State of New Jersey Common Pension Fund D Sells 2,345 Shares of Union Pacific Corporation $UNP

State of New Jersey Common Pension Fund D cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 202,897 shares of the railroad operator’s stock after selling 2,345 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Union Pacific were worth $46,683,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Peterson Wealth Services boosted its stake in Union Pacific by 2.4% during the second quarter. Peterson Wealth Services now owns 18,821 shares of the railroad operator’s stock worth $4,330,000 after acquiring an additional 444 shares in the last quarter. Sage Mountain Advisors LLC raised its holdings in Union Pacific by 2.7% during the second quarter. Sage Mountain Advisors LLC now owns 4,437 shares of the railroad operator’s stock worth $1,021,000 after buying an additional 115 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings in Union Pacific by 1.3% during the second quarter. Washington Trust Advisors Inc. now owns 4,767 shares of the railroad operator’s stock worth $1,097,000 after buying an additional 59 shares during the last quarter. AlphaQuest LLC raised its holdings in Union Pacific by 1,344.0% during the second quarter. AlphaQuest LLC now owns 9,328 shares of the railroad operator’s stock worth $2,146,000 after buying an additional 8,682 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in Union Pacific by 2.2% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,430,775 shares of the railroad operator’s stock worth $329,193,000 after buying an additional 30,539 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $216.56 on Friday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a 50-day simple moving average of $224.95 and a 200 day simple moving average of $224.28. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.53 and a current ratio of 0.75. The company has a market capitalization of $128.44 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.29 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the company posted $2.75 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on UNP shares. Susquehanna restated a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. BMO Capital Markets lowered their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday. UBS Group set a $253.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. increased their target price on shares of Union Pacific from $265.00 to $267.00 and gave the company a “neutral” rating in a report on Friday. Finally, Robert W. Baird started coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $261.63.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.